Robo Advisor comparison
Raiz Invest vs Stockspot
Raiz and Stockspot are both Australian robo-advisers, but they take very different approaches to ownership and fees. Raiz uses a custodian model and charges a monthly platform fee ($5.50) on top of management costs, while Stockspot is CHESS-sponsored and charges just $1/month plus a percentage fee. The biggest practical difference: Stockspot lets you hold the ETFs in your own name, whereas Raiz holds them on your behalf.
Choose
Raiz Invest
if…
- ›Start investing with as little as $5 — Raiz has no minimum for subsequent purchases
- ›Want round-up investing that sweeps spare change from everyday purchases into your portfolio
- ›Prefer a flat monthly fee structure ($5.50/mo) with no percentage-based management fee on smaller balances
- ›Need an SMSF or kids account alongside your individual account
Choose
Stockspot
if…
- ›Want CHESS sponsorship so the ETFs you buy are held in your own HIN on the ASX register
- ›Plan to invest larger sums — Stockspot's percentage fee (0.55%–0.99%) becomes cheaper than Raiz's flat fee above roughly $10,000
- ›Need joint, company, or trust account structures that Raiz doesn't offer
- ›Want automatic dividend reinvestment (DRP) included in the management fee
Where they differ
| Fact | Raiz Invest | Stockspot |
|---|---|---|
| CHESS sponsorship | Custodian model | CHESS-sponsored (your own HIN) |
| Monthly platform fee | $5.50/month | $1/month |
| Minimum initial deposit | $5 | $1,000 |
| Account types | Individual, SMSF, kids | Individual, joint, company, trust, SMSF, kids |
| Dividend reinvestment | Not available | Included automatically |
Verdict
Pick Raiz for micro-investing and round-ups; pick Stockspot for proper CHESS ownership and lower costs on larger balances.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Raiz Invest | Stockspot |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | custodian | chess |
| Individual account | Yes | Yes |
| Joint account | No | Yes |
| Company account | No | Yes |
| Trust account | No | Yes |
| SMSF account | Yes | Yes |
| Kids / minor account | Yes | Yes |
| asset coverage | ||
| ASX shares supported | No | No |
| ASX ETFs supported | Yes | Yes |
| US shares supported | No | No |
| US ETFs supported | No | No |
| Other markets supported | ||
| Fractional shares (ASX) | Yes | No |
| Options trading | No | No |
| CFDs supported | No | No |
| Managed funds | Yes | No |
| Bonds supported | No | No |
| IPO access | No | No |
| costs hidden | ||
| Holds USD account | — | No |
| Market data fees | — | $0/month |
| Corporate action fees | — | Corporate actions (DRP, dividends, distributions) are handled automatically and included in the management fee. No separate corporate action fees disclosed. |
| costs visible | ||
| ASX brokerage minimum | — | $0 |
| ASX free trade conditions | Brokerage free across all plans — bulk ASX execution is bundled into the monthly subscription / management fee. No fees on deposits, withdrawals, or portfolio switches. | No brokerage charged at all - all trades (rebalancing, buys, sells) included in the all-inclusive monthly management fee. |
| Monthly platform fee | $5.5/month | $1/month |
| Annual platform fee | $66/year | $12/year |
| Inactivity fee | $0 | — |
| Withdrawal fee (AUD) | $0 | $0 |
| identity and trust | ||
| Legal entity name | Raiz Invest Australia Limited | Stockspot Pty Ltd |
| AFSL number | 434,776 | 536,082 |
| Year founded | 2,016 | 2,014 |
| Parent / ownership | Raiz Invest Limited (ASX: RZI) — Australian publicly listed parent | Independent / privately held (founder Chris Brycki; shares common major shareholder with Global X Australia) |
| Country of incorporation | AU | AU |
| Public company status | public | private |
| money movement | ||
| Minimum initial deposit | $5 | $1,000 |
| Minimum subsequent purchase | $0 | $500 |
| Deposit methods | bank_transfer, debit_card, round_ups, recurring_direct_debit | Bank transfer (EFT), BPAY, Direct debit (recurring) |
| Settlement period | T+2 (ASX) — applies to fund trading via the underlying ETFs; member contribution settles in ~1-2 business days into the fund. | T+2 (ASX standard) |
| Withdrawal time | 3-5 business days (T+2 ASX settle, then 1-3 days bank transfer) | Typically 2-5 business days |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | No | No |
| Demo account | No | No |
| Free real-time market data | No | — |
| Free research reports | No | No |
| 2FA support | SMS | authenticator-app |
| Customer support channels | phone, email, in_app | phone, email |
| Support hours (AU time) | Monday-Friday, 8:30am-5:30pm Sydney time | Monday-Friday 9am-5pm AEST |
| Education content | basic articles | structured-articles |
| tax and reporting | ||
| Australian tax statement | Yes | Yes |
| Distribution component breakdown | Yes | Yes |
| CGT calculator / report | Yes | Yes |
| Sharesight / Navexa integration | No | No |
| trading mechanics | ||
| Limit orders | — | No |
| Stop loss orders | — | No |
| Auto-invest / DCA | Yes | Yes |
| Auto-invest sophistication | weighted/rebalancing | weighted-rebalancing |
| DRP (dividend reinvestment) | No | Yes |
| After-hours / overnight trading | — | No |